Purchase with Reverse Mortgage

Are you 62 or older and looking for a smarter way to purchase your next home? With a Reverse Mortgage for Purchase, qualified buyers can finance a new primary residence while eliminating monthly mortgage payments. This powerful tool helps older homeowners preserve retirement savings, reduce monthly expenses, and improve overall cash flow—providing more freedom and financial peace of mind.

This program is specifically designed for homebuyers aged 62 and up. It allows you to use a reverse mortgage to purchase a new home, without the need to meet traditional income or credit requirements. There’s no minimum credit score, no debt-to-income ratio limits, and the loan is available for primary residences including single-family homes, FHA-approved condos, and townhomes. It’s a perfect fit for those downsizing, relocating closer to family, or moving into a more age-friendly environment.

Unlike a traditional mortgage, the reverse mortgage for purchase offers flexibility in retirement by converting a portion of your equity into buying power—while keeping more money in your pocket every month. If you’re exploring ways to right-size your lifestyle without sacrificing comfort, click Schedule a Meeting to connect with our specialists and discover how this program could work for you.